Automobile manufacturer Nissan reportedly is on the verge of collapse within the next 12 months.
This from 100percentfedup.com.
According to the Daily Mail:
[T]he Japanese automaker has suffered heavy losses and will attempt to cut costs.
Mario Nawfal, founder and CEO of (International Bank of Commerce) IBC Group, wrote:
Nissan’s crashing US and Japan sales forced 9,000 job cuts, a 20% production slash, and an 85% profit nosedive. The automaker lost $60M last quarter, sold part of its Mitsubishi stake, and now seeks new investors or a Honda partnership.
Further:
Renault may cut ties, reshaping their 25-year alliance. Nissan eyes $3B in cuts and EV development to escape disaster.
🚨 NISSAN: WE HAVE 12 MONTHS TO TRY TO SURVIVE
Nissan’s crashing US and Japan sales forced 9,000 job cuts, a 20% production slash, and an 85% profit nosedive.
The…
